|Day's Range||30,259.11 - 30,519.29|
|52 Week Range||25,199.86 - 33,484.08|
China’s Shanghai Composite Index closed lower on Thursday and clocked the second consecutive daily loss. Carrying forward the weakness, the Shanghai Composite Index opened lower on Friday and declined to 20-month low price levels.
Earnings news drove Adobe and Canada Goose, while trade-sensitive stocks dived Friday on the latest skirmish in the U.S. and China trade war.
SEOUL, South Korea (AP) — Global stock markets were mostly lower on Friday as U.S. President Donald Trump's approval of a plan to impose tough tariffs on China renewed concerns about trade friction.
It also follows Mr Trump’s decisions in recent weeks to begin levying tariffs on steel and aluminium imports from Canada, the EU and Japan, provoking a rift with G7 allies. The Hang Seng index in Hong Kong was flat.
Mylan and Oracle dragged on early trade, but positive news out of Europe sent futures higher, and IPOs Etsy, Huya and Pivotal were poised to nail news highs.
The rebound in China’s markets on Tuesday was short lived. China’s Shanghai Composite Index resumed the downfall on Wednesday. Carrying forward the weakness, the Shanghai Composite Index opened lower on June 14 and closed the day at two-week low price levels.
SEOUL, South Korea (AP) — Global stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. Eyes are now on the European Central Bank, which is discussing Thursday when it might end its stimulus program.
Asian stock markets finished lower Thursday after the U.S. Federal Reserve indicated two more rate hikes are coming later this year, and as Chinese economic data missed expectations.
Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion (8 billion pounds) financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The news, announced late on Wednesday, indicates China's No.2 telecom equipment maker is working towards meeting conditions laid out by the United States so it could resume business with American suppliers, who provide about 25-30 percent of the components used in ZTE's equipment. Investors cheered the development, driving up ZTE's Hong Kong-listed shares as much as 3.7 percent on Thursday morning.
Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The news, announced late on Wednesday, indicates China's No.2 telecom equipment maker is working towards meeting conditions laid out by the United States so it could resume business with American suppliers, who provide about 25-30 percent of the components used in ZTE's equipment. Investors cheered the development, driving up ZTE's Hong Kong-listed shares as much as 3.7 percent on Thursday morning.
The People's Bank of China on Thursday decided not to follow the U.S. Federal Reserve in raising interest rates, defying expectations that the Chinese policy makers would follow their usual pattern and ...
raised interest rates by 25 basis points, as expected, and signalled two further increases this year — one more than it had previously forecast. for the US economy, forecasting real gross domestic product growth in 2018 of 2.8 per cent. Its estimates for 2.4 per cent growth in 2019 and 2 per cent in 2020 were left unchanged. Harm Bandholz, chief US economist at UniCredit, said he agreed with the Federal Reserve’s upbeat economic outlook for the next four quarters or so, but was more cautious regarding the outlook for the second half of 2019 and 2020.
Telecommunications equipment maker ZTE fell around 40 percent in Hong Kong as its shares resumed trade. Telecommunications equipment maker ZTE fell around 40 percent early in Hong Kong Wednesday trading hours after its shares resumed trade there and in Shenzhen. In a filing , ZTE said it will pay a $1 billion lump sum payment to the U.S. government as part of a settlement agreement, as well as an additional $400 million in escrow.
Asia-Pacific equities were broadly lower on Wednesday as markets shrugged off the historic Trump-Kim summit and investor focused turned squarely to a series of meetings from the major central banks. The S&P/ASX 200 in Sydney was also off 0.5 per cent, though buoyed by a more than 24 per cent gain for Australian gas pipeline company APA Group after Hong Kong’s CK Infrastructure Holdings made an offer for the company at 33 per cent premium to its closing price on Tuesday.
After declining for three consecutive trading weeks, China’s Shanghai Composite Index started this week on a weaker note and traded at 13-month low price levels on Monday. However, the Shanghai Composite Index opened June 12 on a mixed note and moved higher as the day progressed amid the improved risk appetite in the market.
Dow Jones stocks edge up, but futures remain mixed ahead of the Fed. Twitter gets a price target hike. Tesla receives a production outlook increase. McDonald's prepares to detail its restructuring plans.
Currency and equity markets remained mostly unruffled in the immediate wake of the historic summit between US President Donald Trump and North Korean leader Kim Jong Un in Singapore on Tuesday. The two ...
The S&P 500 pared an early rise but still reached its highest closing level in three months, while prices for highly rated government bonds edged lower. from Italy’s new finance minister, which helped shares in Milan sharply outperform their European peers and push the yield on the country’s two-year sovereign debt down by as much as 64 basis points. “Relief over Italy continues to trump concern over rising trade tensions,” said Ingvild Borgen Gjerde at Capital Economics.
It was a cautious Asian session ahead of tomorrow’s Summit and, while there are some material stats out of the UK that will provide direction for the Pound, it’s quiet elsewhere, leaving the markets little else to focus on but Trump.
Relations between the US and its closest allies plunged to new depths on Sunday after the most acrimonious Group of Seven summit in a generation ended with the American president lashing out at fellow leaders and backtracking on a pledge to sign the G7 communiqué. As Mr Trump landed in Singapore on Air Force One to prepare for a historic meeting with Kim Jong Un, the North Korean leader, his advisers continued the attack on western allies and, in particular, Justin Trudeau.
Asia-Pacific stocks started the week on an uncertain footing after Donald Trump stoked concerns over global trade by backtracking on the G7 communiqué and ahead of monetary policy decisions in the US and ...
Apple and its suppliers weighed on global markets Friday, as the U.S. looked into Google's trade ties to China and markets kept a wary eye on the pending G7 gathering.
The Dow Jones Industrial Average rose to its highest close in nearly three months, as a jump in the shares of oil-and-gas companies helped offset declines across the technology sector. The news that the U.S. and China reached a deal that would allow Chinese telecommunications company ZTE to do business again was a bright spot for investors hoping trade tensions would cool, said Art Hogan, chief market strategist at B. Riley FBR. “I think if we can get some good news on trade, we will be able to start focusing on fundamentals,” Mr. Hogan said.
Jonathan Corpina of Meridian Equity Partners joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the latest market moves. Here's the performance of select trending stocks as of 1:00 pm ET: VKTX(HB) Viking Therapeutics Inc 10.32% GERN(HB) Geron Corp 8.62% TXMD(HB) TherapeuticsMD Inc 3.42% TVIX(HB) VS 2X VIX Short Term 2.56% AKER(HB,H,0) Akers Biosciences Inc 2.33% KORS Michael Kors Hldg, Ltd. 2.16% NVCN(HB,F) Neovasc Inc 2.11% SIRI(HB) Sirius XM Hldgs Inc 1.83% SHLD(HB) Sears Hldg Corp 1.75% MO Altria Grp 1.54% UVXY(HB) ProShs Ultra VIX Short-Term 1.49% VXX iPath S&P 500 VIX Short-Term 1.31% T AT&T Inc 1.29% AMD Advanced Micro Devices Inc 1.12% COST Costco Wholesale Corp 0.98% SNAP(HB) Snap Inc 0.97% NKE Nike Inc Cl B 0.89% TSLA(HB) Tesla Inc 0.90% DKS Dick's Sporting Goods 0.86% PG Procter & Gamble Cc 0.83% MDGL Madrigal Pharma Inc 0.81% NXPI NXP Semiconductors N.V. 0.79% CGC(HB) Canopy Growth 0.95% CRSP(HB) CRISPR Therapeutics AG 0.69% QCOM Qualcomm Inc 0.66% SQ Square Inc 0.50% WFC Wells Fargo 0.49% VRX Valeant Pharma Intl Inc 0.49% ABBV AbbVie Inc 0.42% AVGO(HB) Broadcom Inc 0.35% KO Coca-Cola Co 0.34% TWTR Twitter Inc 0.32% BOX(0) Box, Inc 0.22% VZ Verizon Communications 0.18% HD Home Depot Inc 0.17% CRM salesforce.com Inc 0.05% BIDU Baidu Inc 0.05% C Citigrp Inc 0.00% F Ford Motor 0.00% JCP(HB) Penney (J.C.) -0.19% DIS Disney (Walt) Co -0.02% PYPL PayPal Hldgs Inc -0.02% JD JD.com Inc -0.06% PFE Pfizer Inc -0.11% SBUX Starbucks Corp -0.18% GOOGL Alphabet Inc Cl A -0.22% V Visa Inc -0.23% QQQ(HB) Invesco QQQ Trust Series 1 -0.29% IBM Intl Business Machines Corp -0.28% CELG Celgene Corp -0.31% NVDA Nvidia Corp -0.30% GOOG Alphabet Inc Cl C Cap Stock -0.32% BRK.B(HB) Berkshire Hathaway'B' -0.33% JPM JPMorgan Chase & Co -0.36% AAOI(HB,0) Applied Optoelectronice Inc -0.41% NOK Nokia Corp ADS -0.41% MSFT Microsoft Corp -0.49% TRXC(HB) TransEnterix Inc -0.27% BABA Alibaba Group Holding Ltd -0.54% INTC Intel Corp -0.61% WMT Wal-Mart Stores -0.66% TEVA Teva Pharm Indus ADR -0.69% MOMO Momo Inc ADS -0.72% AMAT Applied Materials -0.72% SPY SPDR S&P 500 ETF -0.77% JNJ Johnson & Johnson -0.80% GS Goldman Sachs Grp -0.86% BAC Bank of America Corporation -0.86% HPQ HP Inc -1.09% GILD Gilead Sciences -1.21% KMI Kinder Morgan Inc -1.24% CVX Chevron Corporation -1.27% GM General Motors Co -1.38% DB(HB) Deutsche Bank Ag Ord -1.50% XOM Exxon Mobil -1.48% PLUG(HB) Plug Power, Inc. -1.48% TCEHY(HB) Tencent Hldgs Ltd -1.57% CSCO Cisco Systems -1.58% GE General Electric Co -1.65% MU Micron Tech -1.66% IQ(HB) IQIYI Inc ADS -2.02% HMNY(HB) Helios and Matheson Analytics -2.00% BA(HB) Boeing Co -2.07% PBR Petroleo Brasileiro S.A. ADS -2.31% ROKU Roku Inc Cl A -2.42% CAT Caterpillar Inc -2.63% BP BP P.L.C. ADS -2.80% CLF Cleveland-Cliffs Inc -2.95% CHK Chesapeake Energy Corp -3.28% JNUG(HB) DX Jr Gold Miners Bull 3x -4.35% X U.S. Steel Corporation -4.52% AKS AK Steel Hldg -5.21% OLED(3) Universal Display Corp -6.59% 0005.HK ACB.TO ^RUT CADUSD=X GC=F BBD-B.TO YM=F
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Bank of America Merrill Lynch released its monthly global fund manager survey.